Investment firm founded by former Cargill CEO raises $90M

A Twin Cities investment firm co-founded by former Cargill Inc. Chairman and CEO Warren Staley has raised about $90.5 million for a private equity fund, according to a regulatory filing.

Staley serves as non executive chairman of the Edina-based firm, O’Brien-Staley Partners (OSP). OSP’s president, CEO and chief investment officer is Gerald O’Brien, who was previously a senior partner and head of the global loan portfolio at CarVal Investors. CarVal is a subsidiary of Wayzata-based Cargill that manages investment funds for the Cargill and others.

The OSP Value Fund didn’t set a target size for the fund in the filing.

The firm targets “value investment opportunities resulting from the dislocation of financial markets and related divestitures by regulators, municipalities and corporations,” according to its website.

Staley retired from Cargill in 2007 after a 39-year career at the agribusiness company.